A few items below which should help us get us past the Legg...

A few items below which should help us get us past the Legg Mason roadblock

1. Mr Lawrenson said Atlas had commenced talks about new debt facilities which could allow it early retirement of the Term Loan B debt – which nearly pushed it to the wall when iron ore plummeted in 2015. "In my mind, we should end up with more of a working capital-style facility that we can access if and when we need it," he said.

2. Pilbara is contemplating shipping spodumene ore direct to China while it constructs the processing plant at its nearby Pilgangoora project, and has signed an agreement with Atlas which would see the iron-ore miner provide haulage, crushing and port services to achieve this.
"Obviously we are talking to other players as well," Mr Lawrenson said.
"We have had a lot of interest from our well-established iron-ore customers about lithium … mostly traders who view it as another commodity to add to their arsenal."

3. Atlas was nimble enough to ramp-up production when prices were good, slow it when prices were bad and change its ore mix according to the premium for lump over fines. We can be more agile and respond to market changes quicker and easier,” he said.

4. With the addition of Mt Francisco to our portfolio, we believe Pilbara now has ownership of the two best lithium exploration assets in the world-class Pilgangoora district,” said Pilbara MD and CEO Ken Brinsden.
“Mt Francisco represents the last remaining major occurrence of outcropping pegmatites in this region, which has not yet been comprehensively explored, and therefore represents an exceptional exploration target.”